What is XRP?
XRPXRP is the native asset of the XRP Ledger, a public blockchain designed for fast, low-cost payments and currency exchange, with validators reaching agreement without mining.
The tokenXRP pays the small fees that are destroyed with every transaction, funds account reserves and can bridge between currencies.
Supply and what is still to come
How many coins exist, how many can, who holds the part not yet circulating and what the schedule releases.
- Circulating supply
- 68.89 billion XRP
- Total supply
- 99.99 billion XRPin existence, locked or not
- Maximum supply
- 100.0 billion XRPall 100 billion XRP were created in the first ledger; no more can be created, and fees burn a little
- Issued or unlocked
- 68.9%circulating, of the maximum supply
- Supply in 10 years
- 99.99 billion XRPno more XRP can be created, so at most today's total supply exists in 10 years
A year in the market
Measured on the daily closes of our own US dollar price index.
- Return, past year
- −51.3%daily closes
- Volatility, past year
- 63%annualised, daily log returns
- Deepest fall from a peak, past year
- −60.7%daily closes
- Below its all-time high
- −68.5%high of $3.55 on 22 Jul 2025
- Correlation with bitcoin
- 0.87daily returns, past year; 1 is lockstep
- Beta to bitcoin
- 1.24its usual move for a 1% move in bitcoin
Points to check
What our data shows that a holder should know. Each point is a measurement, not a rating.
- Supply still to come
45% more than today's circulating supply can still enter circulation (31.11 billion XRP), so the fully diluted value is 1.45x the market cap.
- Supply we cannot count
We do not run a XRP node: the supply is the project's or network's published figure, read every hour and labelled as such.
- Price swings
Its daily moves were 1.4x as large as bitcoin's over the past year (volatility 63% against 44%).
- Distance from the high
It trades 69% below its all-time high daily close of $3.55 (22 Jul 2025).
- Moves with bitcoin
Its daily returns had a correlation of 0.87 with bitcoin's over the past year, so it has added little diversification to a bitcoin holding.
Questions
What is XRP?
XRP is the native asset of the XRP Ledger, a public blockchain designed for fast, low-cost payments and currency exchange, with validators reaching agreement without mining.
What is XRP used for?
XRP pays the small fees that are destroyed with every transaction, funds account reserves and can bridge between currencies.
Is XRP's supply capped?
Yes: at most 100.0 billion XRP. 68.9% are issued or unlocked so far.
Where is XRP traded?
On 11 of the 11 exchanges we read: 9 list spot pairs against the dollar or a dollar stablecoin and 11 list perpetual futures. The token finder lists every pair.
Supply from our own nodes or the project’s published figures, prices from our own indexes, listings from the exchanges’ own instrument lists. Last update